322 Saint Vrain, Colorado Springs, CO 80903

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Sold Price
$410,000
List Price
$425,000
Closing Date
May 08, 2025
Type
Multifamily
Property Sub Type
Triplex
Status
CLOSED
MLS Number
6314533
Sqft Total
2,572
Year Built
1892

Property Description

Cushman and Wakefield is pleased to offer a rare opportunity to acquire a 3-unit multifamily property located at 322 E St Vrain Street in the heart of Downtown Colorado Springs. This well-located asset provides a blend of immediate income potential and long-term appreciation, making it a standout opportunity in a rapidly growing market. The property consists of three well-maintained units, offering a desirable mix of rental options. It is ideally situated for tenants who wish to live in close proximity to the dynamic energy of Downtown Colorado Springs. With rents below market rates, there is immediate potential to increase income by adjusting rents to reflect current market conditions. Situated in the heart of Downtown Colorado Springs, this property is just steps away from an abundance of dining, coffee shops, boutique retailers, and entertainment venues. The area is known for its lively atmosphere, rich cultural offerings, and unique shopping experiences, making it a highly desirable destination for residents. 322 E St Vrain Street represents a solid investment with the potential for both immediate cash flow and significant value appreciation. With under-market rents and long-term ownership, this property offers an ideal opportunity to increase rental income, creating substantial upside for a new owner. Its location in one of the most desirable and walkable neighborhoods in Colorado Springs, combined with the potential for rent growth, makes this asset a prime addition to any investor’s portfolio.

Additional Information

Tax Amount
$869
Sewer
Public Sewer
Heating
Forced Air
Cooling
None
School District
Colorado Springs 11
Elementary School
Taylor
Middle Or Junior School
North
High School
Palmer

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Courtesy of Cushman & Wakefield . Nic.Polaski@cushwake.com,719-238-9074

Selling Office: NON MLS PARTICIPANT.